[1/4] Soccer Football - Carabao Cup - Final - Manchester United v Newcastle United - Wembley Stadium, London, Britain - February 26, 2023 Manchester United's Antony and Bruno Fernandes celebrate with the trophy after winning the Carabao Cup REUTERS/Hannah Mckay/File PhotoJune 27 (Reuters) - Manchester United (MANU.N) on Tuesday raised its forecasts for annual revenue and adjusted profit, betting on strong commercial and matchday income as the English football club returns to the UEFA Champions League.
Manchester United, which is currently in talks to sell itself, said it was expecting revenue of between 630 million pounds ($801.6 million) and 640 million pounds, compared with its previous forecast of between 590 million pounds and 610 million pounds.
There were no updates on the deal from Manchester United on Tuesday and its U.S.-listed shares fell 1.4% in premarket trading.
Manchester United also raised its adjusted profit forecast to between 140 million pounds and 150 million pounds for the year, compared with its previous forecast of between 125 million pounds and 140 million pounds.
For the third quarter ended March 31, net loss stood at 5.6 million pounds, compared with 27.7 million pounds in the same period last year.
Persons:
Manchester United's Antony, Bruno Fernandes, Hannah Mckay, Glazer, Sheikh Jassim bin Hamad, Jim Ratcliffe, Thomas Zilliacus, Eva Mathews, Anil D'Silva
Organizations:
Soccer, Manchester United, Newcastle United, Wembley, Carabao, REUTERS, English, UEFA Champions League . Manchester United, Reuters, Thomson
Locations:
London, Britain, Manchester, U.S, Sheikh, Thani, Qatar, British, Qatari, Bengaluru